Sony's Indian unit under investigation scanner
Media reports indicate that Sony Corp. s entertainment unit investigated its Indian operations for possible legal violations including bidding fraud and kickbacks
Sony Corp. ‘s entertainment unit investigated its Indian operations for possible legal violations including bidding fraud and kickbacks, according to internal e-mails released by hackers, highlighting challenges the company has faced in the country, according to a Bloomberg report.
According to the bloomberg report, Sony enlisted Ernst & Young to look into its businesses in the country and uncovered potential evidence of wrongdoing, according to the e-mails accessed by Bbloomberg. The probes, which haven’t been reported on before, put a spotlight on business practices at one of Sony’s key markets. The company generates more revenue from TV programming in India, with an audience twice the size of the U.S. population, than in any other market, largely thanks to its rights to broadcast Indian Premier League cricket, the report stated.
